Bindal Exports Ltd - IPO

Bindal Exports Ltd IPO Details

Public issue of 12,48,000 equity shares of face value Rs.10 each (equity shares) of Bindal Exports Ltd (the company or the issuer) for cash at a price of Rs. 16 per equity share, including share premium of Rs. 6 per equity share (theissue price), aggregating Rs. 2.00 crores (the issue), of which 64,000 equity shares of face value of Rs. 10 each for cash at a price of Rs. 16 per equity share share, aggregating Rs 0.10 crores will be reserved for subscription by the market maker to the issue (the market maker reservation portion). The issue less market maker reservation portion i.e. issue of 11,84,000 equity shares of face value of Rs. 10 each for cash at a price of Rs.16 per equity share, aggregating Rs. 1.89 crores is hereinafter referred to as the net issue. The issue and the net issue will constitute 27.13% and 25.74% respectively of the fully diluted post issue paid up equity share capital of the company.The face value of the equity shares is Rs. 10 ech and The issue price of Rs. 16 is 1.6 times of the face value of the equity shares.

Objective of issue

Working Capital Requirements. General Corporate Purpose.

Bindal Exports Ltd Contact Details

Bindal Exports Ltd, E-2/3 Ansa Indl Est, Saki Vihar Road, Sakinaka Andheri(E), Mumbai - 400072

Phone - 91-22-40430200/28470652

Fax - 91-22-28475207

Email - info@bindalexports.com

Website - www.bindalexports.com